How to I deposit using Paypal?

Step 1: Set Up a PayPal Account

If you don’t already have a PayPal account, you’ll need to create one. Visit www.paypal.com and click on the “Sign Up” button. Choose the “Personal Account” option and provide the required information, including your name, email address, and a secure password. You’ll also need to link a bank account or debit card to your PayPal account for funding purposes. Follow the on-screen instructions to complete the account setup and verification process.

Step 2: Ensure Cryptocurrency Services Are Available

Before proceeding, confirm that PayPal’s cryptocurrency services are available in your country. PayPal offers crypto services to users in the United States and select other countries. Availability may vary, so check PayPal’s official website or contact their customer support for the most recent information.

Step 3: Access the Cryptocurrency Section

Log in to your PayPal account. On the main dashboard, you’ll see a menu or tiles that include options like “Send,” “Request,” and “More.” Look for the “Crypto” tab or icon. It might be directly visible on your dashboard, or you may need to click on “More” to find it. Click on “Crypto” to access the cryptocurrency section of PayPal.

Step 4: Choose a Cryptocurrency to Purchase

Within the crypto section, you’ll see a list of available cryptocurrencies. PayPal typically offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Select the cryptocurrency you’d like to purchase by clicking on it. For example, if you want to buy Bitcoin, click on the Bitcoin option.

Step 5: Start the Purchase Process

After selecting the cryptocurrency, you’ll be taken to a page that provides information about it, including current price charts and educational content. Look for and click the “Buy” button to initiate the purchase process.

Step 6: Enter the Purchase Amount

A screen will appear prompting you to enter the amount of cryptocurrency you’d like to buy. You can enter this amount in your local currency (e.g., USD) or in the cryptocurrency itself (e.g., 0.01 BTC). Enter the desired amount, and then click “Next” or “Continue.”

Step 7: Review the Purchase Details

PayPal will display a summary of your purchase, including the amount of cryptocurrency you’re buying, the exchange rate, any fees, and the total cost. Take a moment to review these details carefully to ensure everything is correct. PayPal charges a fee for cryptocurrency transactions, which will be outlined in this summary.

Step 8: Confirm the Purchase

If everything looks correct in the purchase summary, proceed by clicking the “Buy Now” or “Confirm Purchase” button. By doing so, you’re authorizing PayPal to withdraw the total amount from your linked bank account or debit card and complete the cryptocurrency purchase.

Step 9: Transaction Confirmation

Once the transaction is processed, PayPal will provide a confirmation screen indicating that your purchase was successful. You will also receive a confirmation email with the transaction details. The cryptocurrency you bought will now be available in your PayPal account.

Next you will need to withdraw your cryptocurrency from PayPal. Here’s a short guide on how to do it:

1. Access Your Crypto Balance

    •    Log in to your PayPal account.

    •    Go to the Finances tab.

    •    Tap on your crypto balance to view your holdings.

2. Initiate the Transfer

    •    Tap the Transfer arrows icon.

    •    Select Send to start the withdrawal process.

3. Choose a Transfer Method

    •    If you want to send crypto to a PayPal contact, tap Sync Your Contacts to allow PayPal access.

    •    If sending to an external wallet, you’ll need to enter the wallet address. Ensure that the address matches the type of cryptocurrency you are sending to avoid losing funds.

4. Enter the Wallet Address

    •    You can copy and paste the address, enter it manually, or scan a QR code using the QR code button next to the search box.

5. Confirm Blockchain Network

    •    Sending PayPal USD (PYUSD) to an external address, tap Got it on the blockchain network confirmation screen.

6. Specify the Amount

    •    Enter the amount you wish to send and tap Next. You can input an exact cryptocurrency amount or a dollar amount; PayPal will calculate the equivalent crypto value.

7. Review and Send

    •    Review the transaction details carefully to ensure the recipient’s address is correct. Remember, crypto sent to the wrong address will be lost.

    •    Tap Send Now to complete the transaction.

Here is how to deposit on Ethos. There are two options for this:

Option 1)
- Go to the Portfolio screen.
- Tap “Receive Assets” to view your Ethos wallet address.
- Confirm that the asset you wish to send is on one of the 7 networks/blockchains supported by the Ethos app.
(Ethereum, Polygon, Arbitrum, Optimism, Avalance, Binance Smart Chain, Bitcoin)
- Send assets to the Ethos wallet address that matches the network/blockchain your assets are on.

For more information about networks, see:
- Why is the same Wallet Address shared for Ethereum and the other 6 networks?

For more information about Wallet Addresses, see:
- What is a Wallet Address?

Option 2)
- Go to the Vault screen.
- Tap “Receive”.
- Confirm that the asset you wish to send is on one of the 7 networks/blockchains supported by the Ethos app.
(Ethereum, Polygon, Arbitrum, Optimism, Avalance, Binance Smart Chain, Bitcoin)
- Send assets to the Ethos wallet address that matches the network/blockchain your assets are on.

For more information about how to deposit, see:
- How do I deposit funds or assets?